Yunnan Energy extends significant guarantees for subsidiaries' debt

Yunnan Energy New Material Company Limited (the "Company") announced its latest guarantees for subsidiaries within its consolidated financial statements. This follows approvals from its board of directors and shareholders in December 2024 and January 2025, respectively. The Company signed a Maximum Guarantee Contract with Zhejiang Merchants Bank Hangzhou Branch, providing a joint and several liability guarantee for Shanghai Energy New Material Technology Co., Ltd.'s comprehensive credit line of 190,000,000.00 yuan. The guarantee amount for this facility is 209,000,000.00 yuan.

Additionally, Yunnan Energy New Material signed another Maximum Guarantee Contract with China CITIC Bank Suzhou Branch, guaranteeing a comprehensive credit line of 50,000,000.00 yuan for its subsidiary, Suzhou Jieli New Energy Material Co., Ltd. The corresponding guarantee amount is 50,000,000.00 yuan. These guarantees cover principal debt, interest, penalties, damages, and other related expenses incurred to realize the creditor's rights. Guarantee periods extend three years from the debt maturity dates.

As of the disclosure date, the Company's approved total external guarantees, including those for its subsidiaries, amount to 6,000,000,000.00 yuan, representing 245.19% of its most recent audited net assets attributable to shareholders. The actual effective guarantees signed total 3,920,213,760.00 yuan, which is 160.20% of its last audited net assets attributable to shareholders. The Company confirmed no other external guarantees, overdue guarantees, or guarantees involved in litigation that could lead to losses.